Required Information Problem 7-27 (Algo) Other accrued liabilities-payroll LO 4 [The following Information applies to the questions displayed below.] The following summary data for the payroll period ended on April 10, 2018, are available for Brac Construction Ltd.: Gross pay FICA tax withholdings Income tax withholdings 17,629 Medical insurance contributions 1,146 Union dues 820 Total deductions 26,142 Net pay 59,438 Problem 7-27 (Algo) Part b - Horizontal model b-1. Use the horizontal model to show the effects of the payroll accrual. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Stockholders' Equity Net Income + + Income Statement Revenues Expenses